源聚合

Комиссия по ценным бумагам и биржам США (SEC) завершила проверку приватного токена Zcash и направила создателям проекта уведомление, что не имеет претензий и не намерена кого-либо наказывать Zcash Foundation за выпуск ZEC.

Второй по размеру активов банк Германии DZ Bank получил одобрение Федерального управления финансового надзора (BaFin) на запуск собственного криптокошелька meinKrypto. Инвестировать в криптовалюту можно будет напрямую из мобильного приложения DZ Bank.  

Инвестиционная компания Bitwise получила разрешение Комиссии по ценным бумагам и биржам США (SEC) на запуск биржевого фонда (ETF), привязанного к криптовалюте Chainlink (LINK). Паи фонда будут торговаться на фондовой бирже NYSE Arca под тикером CLNK.

На крипторынке формируется так называемая «зона Златовласки» — ситуация, максимально подходящая для роста биткоина и других цифровых монет, заявили аналитики трейдинговой компании QCP Capital.

Криптобиржа Binance превзошла все остальные централизованные платформы по объему торгов биткоином и альткоинам, а также активности пользователей, сообщили аналитики компании CryptoQuant.

Сингапурская Bitdeer Technologies Group отчиталась о росте хешрейта. Если верить отчету, группа стала крупнейшим майнером биткоина по объему вычислительной мощности в мире, опередив лидера рынка, MARA Holdings.

В Казахстане за последний год закрыли 22 офиса крипообменников, которые работали нелегально. Еще свыше 1100 онлайн‑сервисов, связанных с криптовалютой, были заблокированы, рассказал председатель республиканского Агентства по финансовому мониторингу (АФМ) Жанат Елиманов.  

Сенатор-республиканец от штат Вайоминг Синтия Ламмис (Cynthia Lummis) и сенатор-демократ от штата Орегон Рон Уайден (Ron Wyden) представили законопроект «о ясности регулирования блокчейна» (Blockchain Regulatory Certainty Act).

Пакистан подписал соглашение с американской компанией SC Financial Technologies об использовании долларового стейблкоина USD1 для трансграничных расчетов. SC Financial Technologies аффилирована с компанией семьи президента США Дональда Трампа World Liberty Financial, выпускающей USD1.

Альткоины перестали быть единственными активами для получения прибыли за короткий срок. Розничные инвесторы все больше смещают интерес к спекуляциям с акциями из сектора искусственного интеллекта и робототехники, заявили аналитики компании Wintermute.

Центральный банк Таиланда включил стейблкоины USDT в свою систему мониторинга, чтобы предотвратить их использование иностранными инвесторами на местных платформах, а также для борьбы с отмыванием денег.

За последние два месяца интернет охватила волна мошеннических схем, связанных с инвестициями в криптовалюту. С декабря по январь эксперты BI.Zone Risk Protection обнаружили 701 поддельный сайт в различных доменных зонах, включая российскую.

За последние шесть месяцев крупные публичные компании пополнили свои резервы на 260 000 BTC — до 1,11 млн BTC. Это в три раза превышает объемы майнинга биткоина за этот период (82 000 BTC), сообщили эксперты платформы Glassnode.

Получение выгоды от хранения стейблкоинов, то есть появление криптовалютных депозитов, может привести к созданию «параллельной банковской системы», которая находится в теневом сегменте экономики. Так считает финансовый директор JPMorgan Chase Джереми Барнум (Jeremy Barnum).

On-chain data shows the Bitcoin Sell-Side Risk Ratio has plummeted recently. Here’s what this could suggest for the cryptocurrency.

Bitcoin Sell-Side Risk Ratio Has Fallen To Multi-Year Lows

In a new post on X, Glassnode analyst Chris Beamish has talked about the latest trend in the Bitcoin Sell-Side Risk Ratio, an on-chain indicator that keeps track of the ratio between the sum of all profits and losses realized on the network and the cryptocurrency’s Realized Cap.

The Realized Cap here refers to a capitalization model that calculates BTC’s total value by assuming that the value of each coin in circulation is equal to the price at which it was last transacted on the blockchain.

The last transfer price of any token is likely to represent its cost basis, so the Realized Cap measures the sum of the cost bases of the total BTC supply. In other words, it represents the total amount of capital that the investors have put into the cryptocurrency.

As such, the Sell-Side Risk Ratio tells us about how the amount of profit and loss that Bitcoin investors are realizing compares against the total capital stored in the asset.

Now, here is the chart for the indicator shared by Beamish that shows how its value has changed over the last few years:

As displayed in the above graph, the Bitcoin Sell-Side Risk Ratio shot up to a notable value with the price crash in November. This suggests that investors took a large amount of profit and loss alongside the volatility.

Since this high, the indicator’s value has seen a steep drop and has returned to the lowest level since October 2023. The analyst has noted that this points to “subdued conviction behind distribution at current price levels.”

Typically, market volatility tends to be low when these conditions form, so it only remains to be seen how the price of the cryptocurrency will develop in the near future.

In some other news, demand from the Bitcoin retail investors has been missing recently, as CryptoQuant author IT Tech has pointed out in an X post. The indicator cited by IT Tech is the 30-day change in the Retail Investor Demand, measuring the percentage change in the volume associated with the small hands (transactions valued at less than $10,000).

As is visible in the chart, the 30-day change in the Bitcoin Retail Investor Demand has been declining inside the negative zone recently, implying that the activity of the retail entities has been going down. The indicator’s trend hasn’t changed even after the recent recovery surge.

BTC Price

At the time of writing, Bitcoin is trading around $94,300, up more than 3% over the last 24 hours.

Председатель Strategy Майкл Сейлор (Michael Saylor) заявил в программе What Bitcoin Did, что реальный прогресс биткоина проявляется не в ежедневных графиках, а в криптовалютных инвестициях крупных компаний и готовности банков использовать BTC.

Курс биткоина может приблизиться к психологически важному уровню $100 000 и закрепиться возле него в течение ближайшей недели, заявили аналитики ончейн-платформы Santiment.

As the Senate Banking Committee unveiled the updated draft of the crypto market structure bill, known as the CLARITY Act, another critical battle is unfolding surrounding the GENIUS Act, which focuses on stablecoin regulations. The banking lobby is pressing for significant changes, particularly regarding stablecoin rewards.

Are Big Banks Disrupting Stablecoin Competition?

Summer Mersinger, CEO of the Blockchain Association and a prominent advocate for the crypto industry in Congress negotiations, took to social media platform X (formerly Twitter) to highlight the current state of discussions following the bipartisan passage of the GENIUS Act. 

She claimed that the “Big Bank lobby” is pushing Congress to revisit settled legislation concerning stablecoin rewards, not due to emerging risks but rather to suppress competition that benefits consumers. 

Mersinger stated, “When Big Banks face competition, they don’t improve services. They lobby to handicap alternatives. And the consumer suffers.”

The firm’s CEO pointed out that the average American savings account currently yields only 0.39%, while checking accounts offer an even lower rate of 0.07%. In contrast, the Federal Funds rate hovers between 3.50% and 3.75%. 

She argued that this discrepancy is not merely a product of market forces but stems from a substantial barrier that the major banks have constructed, preventing customers from accessing better returns. 

Mersinger emphasized that the dominance of the six largest US banks, which control assets equivalent to 60% of the country’s Gross Domestic Product (GDP), only reinforces this trend. 

She further stressed that when new technologies arise that can provide consumers with superior returns, the banks’ immediate response is to invoke claims of “systemic risk” while lobbying against these advancements.

Ultimately, Mersinger and her colleagues are advocating for policies that prioritize consumer options. “We urge Congress to listen,” she implored, signaling the importance of the ongoing debate between the two sectors.

Expert Advocates For Fair Returns 

Market expert Omid Malekan also weighed in, criticizing the notion that stablecoin holders should not earn yields, arguing that the interest revenue generated from taxpayer-backed Treasury bills should be directed to average Americans rather than lining the pockets of bank executives and shareholders. 

Malekan called for a broader discussion on capping credit card interest rates and swipe fees, along with the implementation of a windfall profit tax on the net interest margins of banks. He asserted, “An industry this anti-competition and consumer choice should suffer the consequences.”

Support for Malekan’s view was reinforced by recent earnings reports from major banks. This morning, JPMorgan Chase announced $25 billion in net interest income, illustrating the profits generated by not providing higher returns to savers. Malekan dismissed claims that stablecoins paying interest would harm lending as unfounded.

Featured image from DALL-E, chart from TradingView.com

24 декабря 2025 года курс мемкоина PIPPIN достиг исторического максимума. Более 2500% за месяц — столько прибавила в цене монета. В начале 2026 года она вновь торговалась у высоких значений.

While a senator presses the Securities and Exchange Commission (SEC) against Bitcoin (BTC) and other cryptocurrencies in 401(k) plans, Bitwise’s CEO has defended the Trump administration’s push to allow digital assets’ inclusion in retirement funds.

Hougan Slams Bitcoin Restrictions In 401(k)s

On Monday, Bitwise CIO Matt Hougan discussed whether 2026 will be the year investors can own Bitcoin and other cryptocurrencies in 401(k) plans, as the inclusion of digital assets is becoming more common in individual retirement accounts (IRAs).

In an interview, the executive argued that providers are “slow to move,” but noted that the Trump administration’s pro-crypto shift, which removed “what was effectively a ban on Bitcoin from 401(k)s,” has opened the doors.

Hougan pointed out that large firms like Vanguard had strong restrictions but have recently relaxed their stance on Bitcoin investments. He argued that these bans are “ridiculous,” calling BTC “just another asset” that is no more volatile than stocks, such as those of Nvidia.

Does it go up and down? Absolutely. Is there risk in it? Absolutely. But it’s actually less volatile over the last year than Nvidia stock. And you don’t see any rules about banning 401k providers from offering Nvidia stock. That’s not that would seem ridiculous.

Recent K33 Research data showed that Bitcoin recorded the least volatile year in the asset’s history in 2025. Notably, BTC registered its lowest volatility level last year, with just 2.24%.

“So, I don’t know if the 401(k) providers will get all the way to the point of actually putting it in this year. These are very slow moving institutions, but we’re moving in that direction and eventually it’ll be normalized like other assets, which is how it should be treated,” he concluded.

Senator Warren Issues New Warning

Bitwise CEO’s remarks came as Democratic Senator Elizabeth Warren reached out directly to SEC chairman Paul Atkins to question how the Commission intends to protect investors from potential financial risks now that crypto investments are allowed in retirement plans.

As reported by Bitcoinist, the Department of Labor (DOL) rescinded in May a 2022 guidance that discouraged fiduciaries from including cryptocurrency investments in 401(k) retirement plans.

Months later, US President Donald Trump signed an Executive Order (EO) that aimed to allow more private equity, real estate, cryptocurrency, and other alternative assets in 401(k) retirement accounts.

The EO, signed on August 7, 2025, directed the DOL and the SEC to reduce regulatory barriers that prohibited investments in alternative assets in their defined contribution retirement plans.

In a new letter, the anti-crypto senator shared her concerns, cautioning that allowing Bitcoin and other crypto assets into these accounts could enable significant risks. She listed the “volatility associated with cryptocurrencies, the lack of market transparency, and potential conflicts of interest” as reasons to be cautious about introducing these assets into retirement plans.

She also emphasized that 401(k) plans are a vital source of retirement security for most Americans. Therefore, they should not be treated as a “playground for financial risk” that could put investors in vulnerable positions.

Despite Warren’s warnings, multiple US lawmakers have supported the Trump Administration’s efforts. In September, nine House members asked Atkins to provide “swift assistance” in implementing the president’s executive order and work with the DOL to protect workers.

Later, House of Representatives member Troy Downing proposed a bill to codify Trump’s directive, giving “the force and effect of law” and making it easier for investors to access Bitcoin and other alternative assets in their 401(k) retirement plans.